BlackRock Inc. lessened its stake in shares of BWX Technologies Inc (NYSE:BWXT) by 10.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,640,751 shares of the technology company’s stock after selling 631,097 shares during the quarter. BlackRock Inc. owned about 0.06% of BWX Technologies worth $279,668,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Commerce Bank lifted its position in shares of BWX Technologies by 4.4% during the 1st quarter. Commerce Bank now owns 7,981 shares of the technology company’s stock worth $395,000 after buying an additional 335 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of BWX Technologies by 19.4% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,429 shares of the technology company’s stock worth $120,000 after buying an additional 394 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of BWX Technologies by 2.2% during the 1st quarter. OLD National Bancorp IN now owns 22,110 shares of the technology company’s stock worth $1,096,000 after buying an additional 466 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of BWX Technologies by 0.5% during the 1st quarter. California State Teachers Retirement System now owns 157,503 shares of the technology company’s stock worth $7,809,000 after buying an additional 799 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of BWX Technologies by 11.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,554 shares of the technology company’s stock worth $424,000 after buying an additional 897 shares in the last quarter.
In related news, CFO David S. Black sold 2,000 shares of BWX Technologies stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $47.97, for a total value of $95,940.00. Following the completion of the transaction, the chief financial officer now directly owns 83,361 shares in the company, valued at approximately $3,998,827.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.44% of the stock is currently owned by insiders.
Shares of BWXT stock opened at $49.96 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 3.52. BWX Technologies Inc has a 12-month low of $35.91 and a 12-month high of $67.42. The company has a market cap of $4.75 billion, a PE ratio of 20.90, a P/E/G ratio of 2.30 and a beta of 1.02.
BWX Technologies (NYSE:BWXT) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.09). BWX Technologies had a return on equity of 76.60% and a net margin of 11.91%. The company had revenue of $416.45 million for the quarter, compared to analysts’ expectations of $465.11 million. During the same quarter in the previous year, the business earned $0.67 EPS. Equities analysts forecast that BWX Technologies Inc will post 2.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.68 dividend on an annualized basis and a yield of 1.36%. BWX Technologies’s dividend payout ratio is 28.45%.
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BWX Technologies Company Profile
BWX Technologies, Inc manufactures and sells nuclear components to the United States government. The company operates in three segments: Nuclear Operations, Technical Services, and Nuclear Energy. The Nuclear Operations segment offers precision naval nuclear components and reactors; close-tolerance and equipment for nuclear applications; and components for defense applications, as well as critical nuclear components, fuels, and assemblies for government and other uses.
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